- US Dollar could be on the verge of a bull run.
- Look to FOMC's June economic projections for USD fuel.
- Trade FOMC today with Chief Strategist John Kicklighter at 17:45 GMT.
The running of the bulls is typically associated with an early-to-mid July religious festival in Pamplona, Spain, in which racers run down partitioned streets being chased by a dozen or so bulls. Feeling tired? Stopping isn't an option. The bulls stampede everything in their path.
So too may the US Dollar starting today, if the Federal Reserve inadvertently takes a hawkish tone, setting off the running of the bull a month early. There is little doubt that at her press conference today, Fed Chair Janet Yellen will adopt slightly optimistic rhetoric, insofar as it doesn't stray from her main theme that is 'interest rates will remain low for a long time.'
However, unlike the prior Fed meetings, this June iteration calls forward revisions to the Fed's economic projections as well, which are likely to be the most poignant source of optimism for the US Dollar today. Despite Q1 GDP slumping (and more revisions lower possible), Q2 data has been firm and several of the Fed's economic checkpoints have been met.
The video above (about 2x as long as usual) goes into detail parsing out what the FOMC might reveal today, and then ultimately, how this will translate into traders in the USD-complex. The video examines AUDUSD, EURUSD, GBPUSD, USDCHF, and USDJPY.
Read more: US Dollar Needs Optimism from Fed as Q2 Data Starts to Slip
Forex FundamentalsAs the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
EconomicsOne particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
ForexBreaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
InvestingAccess to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
EconomicsSouth Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
Forex EducationPeer-to-peer (P2P) currency exchange networks offer a viable and cheaper alternative for buying and selling currencies.
ForexHere is a simple breakdown of how to open an offshore forex account for US-based users, including legal requirements.
EntrepreneurshipA brief overview of the top apps that help forex traders with on time information, charts and more.
Investing BasicsVirtual currency is probably here to stay, but what about Bitcoin specifically? Does it have a first-to-market advantage? What are the risks involved?
Forex NewsWhen it comes to forex, some types of "fixes" are legal. But some really aren't.
- No results found.